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Terrence Jones Signs Deal With Rockets

Posted: Jul 25, 2012 6:16 PM by Mary Jo Perino

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Terrence Jones now has his deal in place.

The Houston Rockets have signed forwards Royce White and Terrence Jones to their rookie contracts, with Jeremy Lamb, the team's top pick in last month's draft, expected to sign in the coming days, a person with knowledge of the process told the Houston Chronicle on Thursday.

As the 16th pick of the draft, White's deal is worth $2.8 million in the first two guaranteed seasons of his rookie contract, with the team holding options for a third and fourth season. Jones, the 18th player taken in the draft, is signed for $2.5 million in the first two seasons.

Players signed to the rookie contracts cannot be officially traded for 30 days, though agreements on off-season deals are often made with the trades completed when players become eligible to be included in the deal.